India's Adani gets $3.5b loan to refinance debt taken to buy ACC Ltd and Ambuja

India's Adani gets $3.5b loan to refinance debt taken to buy ACC Ltd and Ambuja

FILE PHOTO: Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave

The cement business of Indian billionaire Gautam Adani’s flagship group said on Friday it had secured a new $3.5 billion loan to refinance debt it had taken to buy ACC Ltd and Ambuja Cements last year.